Law Offices of Tracy Ettinghoff

CALL FOR A CONSULTATION
949-363-5573

  • Home
  • About
  • Practice Areas
    • Interpretation & Enforcement of CC&Rs
    • Construction Defect Litigation
    • Easements
    • Escrow Disputes
    • Foreclosures
    • Real Estate Fraud
    • HOA Assessment Collections
    • Real Estate Litigation
    • Real Estate Transactions
    • Short Sales
    • Unlawful Detainers
  • Legal Updates
  • Clients
    • Resources
  • Consultation
  • Contact Law Office of Tracy Ettinghoff

September 23, 2015 By Tracy Ettinghoff

Preliminary Change of Ownership

A new law allows the Tax Assessor’s Office to impose penalties on property owners who fail to file a Preliminary Change of Ownership form when title to property is transferred.  Revenue & Tax Code Section 482 provides that if the purchaser or transferee of real property fails to file a Preliminary Change of Ownership form, within 90 days after being asked to do so, by the Assessor’s office, the Assessor can levy penalties in the amount of $100.00 or 10% of the taxes applicable to the new base year value reflecting the change of ownership.  In Orange County with lots of properties worth $1,000,000, 10% of the tax could be $1,000.00 easily.  The tax collector can then seek to collect that either on the secured roll or on the unsecured roll against the property owner, even after sale of the property.

Filed Under: Real Property Taxation

Practice Areas

  • Construction Defect Litigation
  • Easements
  • Escrow Disputes
  • Foreclosures
  • Interpretation & Enforcement of CCRs
  • HOA Assessment Collections
  • Real Estate Fraud
  • Real Estate Litigation
  • Real Estate Transactions
  • Short Sales
  • Unlawful Detainers

Categories

  • Brokers (18)
  • Contract Disputes (13)
  • Foreclosures (8)
  • Homeowner Association Law (9)
  • Real Property Taxation (1)
  • Short Sales (8)
  • Uncategorized (2)

Contact Us

Let us help you with your legal matter. Fill out the information below to begin your consultation.
  • This field is for validation purposes and should be left unchanged.

Law Offices of Tracy Ettinghoff
Orange County Real Estate Attorney

30011 Ivy Glenn, Suite 121
Laguna Niguel, California 92677
Phone: (949) 363-5573
Fax: (949) 363-1306
Email: te@ettinghoff.com

Copyright © 2025 · Privacy Policy · Disclaimer · Contact Us · Photo Credits
The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual case or situation.
This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Notifications